Page 499 - Bloomberg

British consumers rein in luxury spending as energy bills rise by 48%

British consumers are reining in unnecessary purchases after a leap in energy prices ate into their discretionary spending, forcing people to cut back on new clothes, evenings out and lunches out

Growth in renewables saved $11 bn for EU in gas imports since Ukraine war

Clean power covered 24% of the EU's energy needs between March and September this year, the highest ever for this six-month period, according to a study by think tanks E3G and Ember

Mark Mobius warns Fed interest rates will hit 9% if inflation persists

If inflation is 8%, the playbook says you've got to raise rates higher than inflation, which means 9%, says the co-founder of Mobius Capital Partners

Professional investors seek new ESG rules for fund management industry

Professional investors think the asset managers looking after their ESG allocations need more regulations to rein them in.

In first election since 2018, will Malaysia's young voters use their power?

The dramatic ousting of the UMNO-led coalition, Barisan Nasional, four years ago was supposed to draw the line under identity politics and end the Malay nationalist par

Boeing offers 737 Max jets to Air India amid US-China trade tensions

Boeing Co. is offering 737 Max jets once slated for Chinese customers to Air India Ltd. as the planemaker tries to offload some of the roughly 140 aircraft it's currently not allowed to deliver

Bangladesh disallows Bollywood actor's dance in bid to save dollars

Nora Fatehi, known for her work in the Indian film industry, wasn't granted permission "in view of the global situation and with the aim of maintaining the foreign exchange reserves

Phone maker Lava eyes electronics manufacturing venture with China's Huaqin

The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group

Chinese govt delays GDP data release due Tuesday, no reason given

The National Bureau of Statistics updated its release schedule on Monday, with the dates for major economic indicators due this week marked as delayed

Credit Suisse to pay $495 mn to settle case linked to 2008 financial crisis

The Swiss bank said in a statement on Monday that it's "fully provisioned" for the payment, which will resolve claims tied to more than $10 billion in such securities

Soaring dollar leaves food piled up in ports as world hunger grows

Dwindling foreign-currency reserves in many cases has reduced access to dollars, and banks are slow in releasing payments

Xi gives little reassurance on change in Covid, housing market policy

Xi praised Covid Zero, his no-tolerance approach to containing infections, during a speech opening the 20th Communist Party congress in Beijing on Sunday

Electric vehicles: Future of Earth's climate may be decided in traffic jam

The electrification of road transport is continuing at a breakneck pace

US stocks will lead the way out of current wave of market turmoil: Survey

Only 7% of the respondents saw the US becoming the first economy to crack

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Joe Biden brushes off risks of strong dollar on global economy

The dollar has climbed roughly 15% this year as the Federal Reserve embarked on an aggressive campaign to raise interest rates to tamp US price increases.

Dominant Jeremy Hunt refuses to rule out new U-turn on Truss taxes

Hunt declined to rule out delaying by a year the prime minister's plan to cut the basic rate of income tax, a move that would amount to another U-turn on a key plank of Truss's "mini-budget."

Xi Jinping sticks to economic goals calling development top priority

Chinese President Xi Jinping reiterated that economic development is the Communist Party's "top priority," a signal that Beijing will continue to emphasize growth

Buckle up, and keep going, says IMF chief as outlook for world economy dims

Here is a rundown of the key takeaways from the annual meeting of the International Monetary Fund hosted IMF Managing Director Kristalina Georgieva

K-Pop sensation BTS to give what could be last concert of band for years

South Korean boy band BTS will perform together on Saturday for the first time since the shocking announcement in June that the band would take an indefinite hiatus